SEC Form 4 · accession 0001209191-19-001388

SEACOAST BANKING CORP OF FLORIDA · SBCF

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Dennis S Hudson III

Officer — Chairman & CEO · Director

Period of report

Dec 31, 2018

Accepted (ET)

Jan 3, 2019 · 7:05 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000730708

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 31, 2018	F	8,419	$26.02	D	0	D
Common Stock^F2	Dec 28, 2018	G	800	$0.00	D	43,659	D
Common Stock^F3	holding	—	—		—	21,915	D
Common Stock^F4	holding	—	—		—	29,901	D
Common Stock^F5	holding	—	—		—	49,386	D
Common Stock	holding	—	—		—	224,356	I	Held by Sherwood Partners, Ltd, family partnership
Common Stock	holding	—	—		—	280	I	Held by Spouse as Custodian for son
Common Stock	holding	—	—		—	20	I	Held by son

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Right to Buy^F6,F7	$31.15	holding	—	—	—	—	Apr 2, 2028	Common Stock	55,279	55,279	D
Common Stock Right to Buy^F6,F7	$28.69	holding	—	—	—	—	Apr 3, 2027	Common Stock	78,021	78,021	D
Common Stock Right to Buy^F6,F8	$14.82	holding	—	—	—	—	Feb 28, 2024	Common Stock	51,956	51,956	D
Common Stock Right to Buy^F6,F9	$12.63	holding	—	—	—	—	Jan 28, 2023	Common Stock	17,975	17,975	D
Common Stock Right to Buy^F6,F10	$10.54	holding	—	—	—	Apr 29, 2015	Apr 29, 2024	Common Stock	50,000	50,000	D
Common Stock Right to Buy^F6,F11	$11.00	holding	—	—	—	Jun 28, 2014	Jun 27, 2023	Common Stock	19,400	19,400	D

Explanation of responses

F1Represents shares subject to performance-based restricted stock units ("PSUs") granted on June 28, 2013, that were subject to performance requirements which were attained over a period ending December 31, 2015. One third of the earned shares vested on each Dec. 31, 2016 and 2017. The remaining one third shares will vest on Dec. 31, 2018, provided the recipient remains in continuous service with the Company on each such vesting date.
F10Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.
F11Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.
F2On December 28, 2018, the reporting person made a charitable gift of 800 shares.
F3Shares held in Trust
F4Represents shares held in the Company's Retirement Savings Plan as of September 30, 2018.
F5Shares held jointly with spouse
F6Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
F7Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
F8Originally had two tiered vesting. The performance criteria was met and the time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
F9Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.